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The MOU was inked by John Tuttle, Vice Chair of NYSE and President of NYSE Institute, and Abdullah Salem Alnuaimi, CEO at ADX, in the presence of Margaret Niche, Head of ICE Global Network. To commemorate the occasion, Tuttle rang the opening bell at ADX.
This collaboration is set to introduce innovative financial products catering to both local and international investors. Alnuaimi emphasized that through eased dual listing processes, companies would gain increased visibility and access to a larger pool of investors. Tuttle shared his enthusiasm about exploring new products with ADX that will benefit both listed companies and investors.
The partnership builds on ADX’s recent selection of the ICE Global Network to provide global institutional investors with direct access to its market data and order entry. This step underscores ICE’s commitment to the region, which began with its collaboration with the Abu Dhabi National Oil Company to launch ICE Futures Abu Dhabi in 2021.
The agreement aligns with ADX’s strategy that supports the UAE’s “Towards the next 50” agenda and aims to drive economic growth by providing each region’s investor base with access to a broader range of securities. Established in 2000 as an autonomous entity within ADQ, ADX plays a central role in Abu Dhabi’s diversified economy. Meanwhile, ICE operates NYSE as part of its extensive portfolio of financial technology and data services across major asset classes.
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